Financial Products

An Introduction Using Mathematics and Excel
Erscheinungsjahr 2012
ISBN: 978-0-521-68222-0
Verlag: Cambridge University Press

Buch, Englisch, 336 Seiten, Format (B × H): 170 mm x 244 mm, Gewicht: 698 g

Financial Products provides a step-by-step guide to some of the most important ideas in financial mathematics. It describes and explains interest rates, discounting, arbitrage, risk neutral probabilities, forward contracts, futures, bonds, FRA and swaps. It shows how to construct both elementary and complex (Libor) zero curves. Options are described, illustrated and then priced using the Black Scholes formula and binomial trees. Finally, there is a chapter describing default probabilities, credit ratings and credit derivatives (CDS, TRS, CSO and CDO). An important feature of the book is that it explains this range of concepts and techniques in a way that can be understood by those with only a basic understanding of algebra. Many of the calculations are illustrated using Excel spreadsheets, as are some of the more complex algebraic processes. This accessible approach makes it an ideal introduction to financial products for undergraduates and those studying for professional financial qualifications.

Autoren/Hrsg.

Dalton, Bill

Fachgebiete

• Wirtschaftswissenschaften Volkswirtschaftslehre Öffentliche Finanzwirtschaft, Besteuerung
• Wirtschaftswissenschaften Betriebswirtschaft Wirtschaftsmathematik und -statistik
• Mathematik | Informatik Mathematik Numerik und Wissenschaftliches Rechnen Computeranwendungen in der Mathematik
• Wirtschaftswissenschaften Betriebswirtschaft Unternehmensfinanzen Finanzierung, Investition, Leasing
• Wirtschaftswissenschaften Volkswirtschaftslehre Volkswirtschaftslehre Allgemein Ökonometrie
• Wirtschaftswissenschaften Finanzsektor & Finanzdienstleistungen Finanzsektor & Finanzdienstleistungen: Allgemeines
• Mathematik | Informatik Mathematik Numerik und Wissenschaftliches Rechnen Angewandte Mathematik, Mathematische Modelle
• Wirtschaftswissenschaften Finanzsektor & Finanzdienstleistungen Unternehmensfinanzierung

Inhaltsverzeichnis

Introduction; An introduction to Excel; 1. A foundation; 2. Forward contracts; 3. The futures market; 4. Bonds; 5. The forward rate, forward rate agreements, swaps, caps and floors; 6. Options; 7. Option pricing; 8. Credit derivatives; Solutions; Index.

Über Autor(innen)

Dalton, Bill
Bill Dalton was Head of the Mathematics Department at Harrow School, 1978-1998. He retired in 2006 and now writes and lectures part-time in financial mathematics.